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SEC cautions investors against Converged Dynamic International Limited

Abuja – The Securities and Exchange Commission (SEC) has cautioned investors in Nigeria against transacting business with Converged Dynamic International Limited allegedly engaging in illegal practice. In a statement by SEC on Thursday in Abuja it stated that the company is an unregistered firm dealing in a product tagged “Resources Investment Account,” offering interest rates […]

Ethiopia launches Africa’s 1st electric rail

Ethiopia will on Wednesday launch Africa’s first modern electrified railway line. Built by China, the rail line links the Ethiopian capital , Addis Ababa with the port of Djibouti. The full length of the railway is 752.7 kilometers, with a designed speed of 120 km per hour. With a total investment of 4 billion U.S. dollars, it is was built by China Railway Group and the China Civil Engineering Construction Corporation.

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